Latest news for businesses in Cumberland
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Spring Budget 2024: update from Lamont Pridmore
Spring Budget
The previously revealed further 2% cut to National Insurance Contributions for employees and the self-employed was the main headline grabber. This, coupled with an increase in the High-Income Child Benefit threshold and banding, alongside plans for funded childcare places announced in the Autumn Statement, cemented the Chancellor’s pledge to encourage more people into work.
There was very little news for corporates - with full expensing and changes to R&D schemes announced previously in the Autumn Statement.
Welcome announcements included the extension to the fuel duty freeze for another 12 months, a freeze on alcohol duty – important to those in hospitality – and albeit a smaller-than-hoped, increase of £5,000 to the VAT registration threshold.
For those with property, there were significant tax changes announced, including the abolition of the furnished holiday letting tax benefits, and a reduction in Capital Gains Tax from 28% to 24% when disposing of residential properties.
*Read more* [
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International Women's Day
International Women's Day
In celebration of International Women's Day, our destination team at Cumberland Council, joined a guided walk around Whitehaven Harbour on Friday 8 March.
The walk was supported by Adventure Smart Ambassadors to talk about the Adventure Smart campaign and how its messages can keep you safer on your walks and adventures. The walk was delivered by GLL Better Leisure Ramblers Wellbeing Walks and Adventure Smart Ambassadors.
We would strongly advise that you pass on the following messages to any of your visitors that are heading out on a walk:
* Know where you are & where you are going – use an app *_and_* a paper map to stay on track
* If the weather or ground conditions are beyond your capabilities, or equipment, consider your options – it’s ok to choose a more suitable route or to turn back
* Let someone know your plan and make sure they know what to do if they become concerned for your safety.
*Adventure Smart* [
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The Lakesman: Sponsorship opportunity
The Lakesman
The event is now recognised on a national scale and the event organisers are looking to take it to the next level. The event has been approached by British Triathlon Federation to put the race forward as a British Championships race endorsed by them which is a huge achievement.
To help put this event on an international scale and attract championship status, The Lakesman are looking for the following support:
OPTION 1 – Headline Sponsor
Headline sponsorship which will give us the ability to offer a 'prize purse' and be the first UK independent triathlon to offer this, attracting professional athletes to Cumbria who normally only compete in the 'big city' events. To do this we would need a commitment from of £7.500 per annum for a minimum of 3 years to establish the event as the one to go to. As well as attracting top quality athletes it would attract additional tourism, spectators and inspire local children to take part.
OPTION 2 – Volunteer Partner #TeamLakesman
Each year we attract over 400 volunteers to Lakesman from all ages and from a wide variety of backgrounds. Together they do over 1200 hours of volunteering and are trained and supported over the weekend.
We would like to provide a volunteer area but also give people an opportunity to find out more about volunteering for other projects in Cumbria to create long lasting, sustainable social value as an additional output for the event.
To do this properly would cost £3,500 per year and we would like to run the programme (with the partner organisation) for a minimum of 3 years.
If you would like to sponsor or support the event, please contact katie.read@cumberland.gov.uk for more details.
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Cumberland Leaflet Swap Shop
Leaflets
Cumberland Council is inviting you to join its first leaflet swap shop which will take place on Monday 25 March 2024, at Solway Hall in Whitehaven. All tourism and hospitality businesses, within Cumberland Council, are welcome to join the free event.
If you ever struggle to suggest activities, accommodation, or attractions to your customers, then this event is perfect for you. The event gives businesses a chance to network with businesses within the Western Lake District and Coast. And, of course, you will be able to exchange leaflets with businesses. Building connections with like-minded businesses is a great way to keep visitors in our area.
The event will take place between 11am and 2pm. Each business will be allocated a table to display their leaflets. Businesses are welcome to bring a backdrop, but it is not essential. The doors will open at 10.30am to begin setting up your stand and the event will begin at 11am.
Free food and refreshments will be provided on the day.
The event is free, and businesses must sign up to be able to attend. The deadline for the business sign up is at 12pm on Thursday 21 March.
You can sign up by completing a small online form. [
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Keswick Mountain Festival
Keswick Festival
The event will take place on 17 – 19 May 2024. There will be a bigger schedule of sporting events and outdoor activities. Among the hikes, the ever-popular Keswick 3 Peaks Challenge will be led out by 3 Dads Walking as a fundraiser for the suicide prevention charity Papyrus.
As a local business, KMF are able to offer you a *20% discount* on the Cycle Sportive, Open Water Swimming, Triathlons, and Open 5 Adventure Race.
All you have to do is enter code *KMF24-B2B2C *at checkout.
*Find out more* [
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Messages from Cumbria Tourism
Cumbria Tourism Banner
10 top tips for preparing a business for sale
Thinking it’s time for a fresh start? Perhaps you’re looking to take a step back from your business. Cumbria Tourism Strategic Partner Lamont Pridmore have provided 10 top tips for preparing your business for sale.
*Read more* [
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Business tracker survey: Have your say
Cumbria Tourism (CT) launched our new business tracker survey to gather real-time information about the challenges and expectations you are facing right now. While yesterday’s budget offered some measures to help put extra cash back in consumers’ pockets the big issues around rising costs and staffing remain unchanged.
Carried out alongside our Strategic Partner, Lamont Pridmore, this anonymous survey helps provide the evidence we need to support your businesses and strengthen our case with national politicians and decision-makers.
*Survey* [
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Get involved in English Tourism Week
English Tourism Week is coming up on *15-24 March 2024* to celebrate the quality and value of the sector and its importance to local economies and destinations. VisitBritain have produced a toolkit which is now available for you to get involved with English Tourism Week.
Download it *here [
]* using the password: etw24.
Upcoming Events and Training
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Cumbria Chamber of Commerce
Cumbria Chamber of Commerce
*Managing Growth as an SME, a case study in successful explosive growth with Delkia*
Thursday 21 March, 12pm – 12.30pm
*Book here* [
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*Every Customer is a VIP: How to Consistently Deliver a 5-Star Customer Experience*
Thursday 21 March, 10am - 4pm
*Price:* £140 +VAT Chamber members & Cumbria Tourism members (CT members will need to request the discount code) / £175 +VAT non-members
*Book here* [
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Cumbria Tourism
*Attendance Management Workshop - Realise HR*
Thursday 28 March 10am - 12pm, online
Join this 2-hour workshop to gain valuable insights and practical skills in effectively managing attendance within your organisation.
Whether you’re an HR Professional, manager or business owner this course is designed to equip you with the tools needed to optimise attendance tracking, enhance employee engagement, and foster a culture of accountability.
*Book here* [
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*Performance Management Workshop – Realise HR*
Thursday 27 June 10am - 12pm, online
For those responsible for managing people.
This workshop is essential for managers to ensure a fair, transparent and effective performance evaluation process within your organisation and help you overcome any worries you may have when it comes to managing your people and what can sometimes feel like a daunting process when faced with those uncomfortable conversations.
*Book here* [
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Department for Business and Trade
Business and trade
Government procurement in the US - how does it work, and how can you succeed?
Monday 18 March, 4pm - 5pm
The US National Association of State Procurement Officials (NASPO) will help business owners learn about how state level tenders can support them in trading with the US market.
*Book here* [
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*New Event in collaboration with the Economist Education*
Friday 22 March, 2pm - 3pm
Our brand-new webinar, delivered in collaboration with the Education arm of the Economist Group - one of the world’s most trustworthy and insightful sources of information - will help attendees understand why geopolitics is crucial to how they trade internationally.
*Book here* [
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FSB
*Health, wellbeing and personal development for small businesses*
Wednesday 20 March, 4.30pm - 5.45pm
*Book here* [
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*Let’s Grow Business Together – LGBT+ led business networking*
Thursday 21 March, 2pm – 3pm
*Book here* [
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*Disabled Entrepreneurs Networking*
Tuesday 26 March, 11am – 12pm
*Book here* [
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*Maximise Your Membership*
Wednesday 27 March 12.30pm - 1.30pm
*Book here* [
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